Flat Steel Market Update Flat steel prices continued its downward trajectory and declined in almost all major markets. The recent drastic decline in steel prices was quite unexpected. The market was expecting a rebound in September which was not materialised while prices continued its slide in October. A combination of factors has driven the decline

Flat steel- an Introduction  Flat steel products are commonly known as steel sheet/coil and steel plate. These are categorised in various types including hot rolled coil (HRC), cold rolled coil (CRC), metallic coated steel, organic coated steel, coil plate and reversing mill plate. Most steel plate is produced in the thickness range between 5mm and

Over the recent few months, we have seen a number of developments in the electrical steel market. In Russia, NLMK agreed to supply electrical steel to LTC Group, a European producer of transformers and power generation parts. Under the two year agreement, NLMK will supply both grain-oriented electrical steel (GOES) and non-grain oriented steel (NGOES)

The US slab buyers have started returning to the market while booking slab from Brazil by using the remaining annual quota (less than 0.5 Mt) in October. This has helped Brazil’s export prices, which reduced its loss to just USD 5/t, from August levels. However, Commodity Inside assess that the exports quota is likely to

Long steel- an Introduction  The term long steel refers to the products made from billets and blooms, which are mainly used in the construction sector. Usually, they are made through EAF furnaces. Long steel products include rebar, wire rod, merchant bars, rails and sections. Rebar is also known as debar, ribbed steel and concrete reinforcing

Novolipetsk Steel (NLMK) is one of the major steel companies which have been most severely impacted by Mr Trump protectionists’ measures. Prior to the imposition of Section 232, NLMK was supplying around 2 million tonnes/year of slabs to its US subsidiary from Russia. Initially, the imposition of 25% duty was affordable for NLMK, owing to

Electric Vehicles (EV) are set to play a pivotal role in tackling the energy and environmental issues in the transport sector. Automakers are being pushed to develop energy efficient and reliable alternatives in the form of electric vehicles and fuel cell vehicles. So far, electric vehicle sales are growing faster, though from a low base.

Vale, the world largest iron ore producer, and China Communications Construction Co. (CCCC), a state-owned engineering and construction company to partner for building a 300,000 tonnes/year flat steel mill in the northern Brazilian state of Para. The memorandum of understanding (MoU) has now been signed between Concremat, Vale and the state government of Pará. Vale

Egypt Steel Market (tariffs, production, prices and demand) Egypt Imposed Tariffs Egypt imposed tariffs on rebar and billet in mid-April which was under consideration for a few months. The import tariffs are now set between 3% and 15% for billets and 25% for rebar. Started from 15th April, tariffs would be effective for the next

Steel Rail Overview India’s Jindal Steel and Power Ltd (JSPL) completed its first ever domestic order of 100k tonnes of rail steel for Indian railways this year. JSPL is the only private rail steel producer in India. Previously, SAIL was the sole supplier to Indian railways and produced around 0.98 million tonnes of rail steel